Punjab National Bank 24-Month FD In today’s uncertain financial environment, most people want their savings to grow without fear of loss. For investors who prefer safety over risk, fixed deposits remain one of the most trusted options. In 2026, Punjab National Bank has introduced an attractive 24-month Fixed Deposit scheme that offers interest of up to 7.90 percent. This scheme is designed for individuals who want guaranteed returns, stable income, and complete peace of mind while planning their financial future.
Why Fixed Deposits Still Matter
Fixed deposits are popular because they provide security and predictable growth. Unlike market-linked investments, FD returns do not depend on stock market movements. With a public sector bank like Punjab National Bank, depositors also get the confidence of government backing. The PNB 24-month FD scheme fits well for people who want to protect their capital and earn steady interest at the same time.
Attractive Interest Rate Explained
The biggest highlight of the PNB 24 Month FD Scheme 2026 is the high interest rate of up to 7.90 percent. This rate is significantly higher than most savings accounts and helps investors earn real growth on their money. Over two years, this interest can make a meaningful difference, especially for people who want their savings to beat inflation without taking risks.
Ideal Tenure for Financial Planning
A 24-month tenure is considered ideal for medium-term financial goals. It is not too short to limit returns and not too long to lock money for many years. This makes the scheme suitable for people planning expenses like education fees, home renovation, family events, or emergency funds. Investors get flexibility along with assured growth.
Who Should Invest in This Scheme
This FD scheme is suitable for salaried individuals, self-employed professionals, business owners, and retirees. It is especially helpful for conservative investors who prefer stability. Senior citizens, in particular, find this scheme useful because it provides a reliable source of income and better interest rates compared to regular savings.
Special Benefit for Senior Citizens
Punjab National Bank offers additional interest benefits to senior citizens on fixed deposits. This extra return helps retirees manage daily expenses and medical costs more comfortably. For many senior citizens, the PNB 24-month FD can act as a dependable income support during retirement.
Flexible Interest Payout Options
Investors can choose how they want to receive interest from this FD. PNB allows monthly, quarterly, half-yearly, yearly, or cumulative payout options. Those who need regular income can select monthly or quarterly payouts, while those focused on wealth growth can choose the cumulative option where interest is reinvested.
Easy and Convenient Investment Process
Opening a fixed deposit under this scheme is simple. Existing customers can book the FD through internet banking or the PNB mobile app. New customers can visit the nearest PNB branch with basic KYC documents. The process is quick, transparent, and suitable even for first-time investors.
Loan Facility Against FD
One useful feature of this scheme is the loan or overdraft facility against the FD amount. In case of emergency, investors can take a loan without breaking the deposit. This ensures liquidity when needed while the FD continues to earn interest.
Tax Rules You Should Know
Interest earned on fixed deposits is taxable as per income tax rules. If the interest exceeds the TDS limit, PNB deducts tax at source. However, investors whose income is below the taxable limit can submit Form 15G or 15H to avoid TDS. Proper tax planning helps in maximizing net returns.
Trust and Security of PNB
Punjab National Bank is one of India’s oldest and most trusted public sector banks. With strong government backing and a wide branch network, it offers high safety for depositors. Investing in a PNB FD means choosing reliability, transparency, and long-term trust.
PNB 24 Month FD Scheme 2026 – Information Table
| Feature | Details |
|---|---|
| Bank Name | Punjab National Bank |
| Scheme Name | PNB 24 Month Fixed Deposit |
| Tenure | 24 Months |
| Maximum Interest Rate | Up to 7.90% |
| Risk Level | Very Low |
| Senior Citizen Benefit | Additional interest |
| Interest Payout Options | Monthly, Quarterly, Cumulative |
| Loan Facility | Available against FD |
| Investment Mode | Online & Branch |
| Capital Safety | Guaranteed |
Final Thoughts
The PNB 24 Month FD Scheme 2026 is a strong option for investors who want safe, guaranteed, and stable returns. With a high interest rate, flexible payout options, senior citizen benefits, and the trust of a government bank, this scheme fits well into a balanced financial plan. If your goal is to grow savings without stress or risk, this fixed deposit deserves serious consideration in 2026.
Disclaimer
This article is for informational purposes only. Interest rates and scheme features may change as per bank policies. Readers should confirm details with official Punjab National Bank sources before investing.
